The Economic and Financial Crimes Commission (EFCC) has arrested a manager with Intercontinental Bank Plc (now Access Bank), Olayinka Sanni for an alleged money laundering worth about N1.5billion naira. Olayinka was arrested alongside one Oyebode Atoyebi, who is the Personal Assistant to the Speaker of Lagos State House of Assembly, Adeyemi Ikuforiji.

According to reports gathered, Olayinka, who operates a bureau de change outfit named Sidaw Ventures, connived with Oyebode to fraudulently transfer various sums of money of Access Bank customers into his Sidaw Ventures without the consents of the customers.

Olayinka allegedly transferred N65million belonging to Babington Junior Seminary's account; N40million from P.W. Nigeria Limited’s account; N15million from Mikano International’s account; N20million from Viju Industries Limited’s account, N306million from the account of Falana & Falana Chambers and Fafun Nigeria Limited and N1.2billion from Murhi International Limited into his Sidaw Ventures' account without the consent of any of the account owners.

Read more at source: http://motherlandforum.makeforum.ca/t35-access-bank-manager-lagos-speaker-s-pa-in-n15b-scam#41

Lock them up and throw the keys into the lagoon...